Suppose That Next Year 300 000 Existing Jobs in the Economy

question 40

Multiple Choice

Suppose that next year 300 000 existing jobs in the economy are eliminated through layoffs and plant closures,and 400 000 new jobs are created through expansions and the creation of new firms.The amount of unemployment will rise over that year if

• A)more than 300 000 people drop out of the labour force.
• B)more than 100 000 people drop out of the labour force.
• C)less than 100 000 people drop out of the labour force.
• D)less than 100 000 people join the labour force.
• E)more than 100 000 people join the labour force.

Distinguish between single-factor and factorial research designs.

Identify the effects of independent variables on dependent variables in various research designs.

Comprehend the notion of main effect within the context of factorial research design.

Grasp the significance of simple effects in the analysis of factorial research designs.

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Definitions:

Scrap Value

The estimated resale value of an asset after it has reached the end of its useful life.

Units-Of-Production Method

A depreciation method that allocates expenses based on the actual usage or production levels of an asset over its useful life.

Scrap Value

An asset's anticipated resale value once it has surpassed its period of utility.

Straight-Line Method

A method of calculating depreciation of an asset by evenly distributing its cost over the useful life of the asset.